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Deposit and Withdraw USD on Webull Singapore With 0 Fee

Introduction Recently, I opened a Webull Singapore account and the experience has been good so far. However, although the fee structure for deposits and withdrawals in SGD (with a Singapore bank account) is clearly stated, it’s not so clear on depositing/withdrawing other currencies like USD using a multi-currency account. Since Webull uses a DBS multi-currency account under the hood to hold our funds, supposedly if we deposit or withdraw USD using a DBS multi-currency account as well, there should be no charges. Sadly, there’s no official statement to verify the assumption, not to mention the scary ā€œSGD20 charged by remitting bank for USDā€ mentioned on the official FAQ. ...

March 2, 2023 Ā· 3 min